Stock Market Today Stocks Rise Ahead of Midterms Kiplinger Kiplinger is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Here's why you can trust us.

Stock Market Today Stocks Rise Ahead of Midterms

The Dow outperformed thanks to a major M&A-related boost for drugstore chain Walgreens Boots Alliance. (opens in new tab) (opens in new tab) (opens in new tab) Newsletter sign up Newsletter (Image credit: Getty Images) By Karee Venema published 7 November 2022 Stocks gained ground Monday as investors looked ahead to a busy week of earnings and economic data, as well as Tuesday's highly anticipated midterm elections. While the outcome of the midterms will certainly draw some interest from investors, the results of Thursday's consumer price index will likely be more important to markets. "It is still all about inflation and while this report might not be as hot as the last few, it still should show that rents and the core-service sector part of the economy are still hot," says Edward Moya, senior market strategist at currency data provider OANDA. "Inflation might not fall as quickly as some Fed members are expecting and that could support the idea that rates will stay higher for longer."

3 Healthcare Stocks Set to Prosper in a Post-Covid World As for today's market, the S&P 500 Index rose 1.0% to 3,806 and the Nasdaq Composite advanced 0.9% to 10,564. However, it was the Dow Jones Industrial Average (+1.3% at 32,827) that led the path higher as blue-chip drugstore chain Walgreens Boots Alliance (WBA (opens in new tab)) gained 4.1% on news it will invest $3.5 billion in primary care provider VillageMD's acquisition of Summit Health, an owner of urgent care centers. WBA is VillageMD's largest shareholder with a roughly 53% stake.

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Profit and prosper with the best of Kiplinger's expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of Kiplinger's expert advice - straight to your e-mail. Sign up Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice. In other individual stock news, data mining firm Palantir Technologies (PLTR (opens in new tab)) slid 11.5% after the company's third-quarter profit fell short of the consensus estimate. On the flip side, Facebook parent Meta Platforms (META (opens in new tab)) jumped 6.5% after the company said it is planning to start laying off thousands of employees later this week.

Behind Berkshire s Q3 Earnings

Also in the winner's circle today was Warren Buffett's Berkshire Hathaway (BRK.B (opens in new tab)). Shares of BRK.B rose 1.0% after the holding company released its third-quarter earnings report over the weekend. While the bear market took a toll on Berkshire's bottom line over the three-month period, its diversified income stream – which includes companies ranging from battery maker Duracell to healthcare liability insurance provider MedPro Group – was useful in propping up other sections of its financial statement. Among the highlights of BRK.B's Q3 results were a 20% year-over-year pop in operating income and higher-than-expected earnings per share. Read on to see what other notable developments occurred for Berkshire in Q3, and why BRK.B remains a top defensive stock in what has been a turbulent year for the broader equities market.

Where to Put Safe Money Today Explore More Stock Watch Markets Stock Market Today Berkshire Hathaway Cl B (BRK.B) Walgreens Boots Alliance (WBA) Palantir Technologies (PLTR) Karee VenemaContributing Editor, Kiplinger.comWith over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis. Latest Worried About Inflation? You Can Help Protect Yourself From Its Impact Delaying major purchases can help shield present you, and future you could benefit from continuing to invest and contribute to your retirement plans. By Kelly LaVigne, J.D. • Published 13 November 22 What Is Lifetime Income Insurance Worth? A Guaranteed Lifetime Withdrawal Benefit (GLWB) could be just what you need when markets are down and you're worried about future income. By David Blanchett, PhD, CFA, CFP® • Published 12 November 22 You might also like Stock Market Today: Stocks Keep Climbing on Interest-Rate Optimism Investors continued to cheer Thursday's inflation update, with the Nasdaq and S&P 500 scoring their best week in months. By Karee Venema • Published 11 November 22 Warren Buffett's Berkshire Hathaway Slashes Stake in U.S. Bancorp Warren Buffett's holding company continued to lower its exposure to financial stocks, more than halving its stake in USB. By Dan Burrows • Last updated 11 November 22 Kiplinger's Weekly Earnings Calendar (Nov. 14-18) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Published 11 November 22 Stock Market Today: Stocks Lift Off After Encouraging Inflation Report The major market indexes rallied to their best day in two years after data showed inflation slowed in October. By Karee Venema • Published 10 November 22 Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In A continued selloff in cryptocurrencies and crypto-related stocks put pressure on the broader market today, too. By Karee Venema • Published 9 November 22 Stock Market Today: Huge Crypto Deal Shakes Up Nasdaq News that crypto exchange Binance will buy its rival sent Bitcoin and several tech stocks into a tailspin. By Karee Venema • Published 8 November 22 Warren Buffett's Berkshire Hathaway Still a Buy After Q3 Earnings Warren Buffett's holding company reported third-quarter earnings over the weekend and the results were impressive. By Dan Burrows • Published 7 November 22 Stock Market Today: Stocks Swing Wildly After October Jobs Data The major indexes ended with their first win of the week thanks to the latest jobs report. By Karee Venema • Published 4 November 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
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